Tile, the maker of small tracking devices, has raised $45 million in a Series C fundraising round.
The investments were led by Francisco Partners and included investments from previous investors GGV Capital and Bessemer Venture Partners as well as new investors Bryant Stibel and SVB Financial Group.
Tile has partnered with several brands including Bose, Skullcandy and Sennheiser as part of its embedded strategy.
“With Bluetooth technology projected to be included in nearly 30 billion devices shipping in the next five years, Tile is poised to deliver an embedded finding solution for a rapidly expanding market,” stated Andrew Kowal, partner with Francisco Partners.
The new funds are expected to be used for international growth, new product categories and enhancements to the Tile Premium service.